trend consolidation in an upward trend. looking for trend continuation. if gartly is completed as a retest in the 103.40 area i will take a long position with a target 1 of 104.83 for a completion of a higher time frame butterfly. target shows a very high level of fib confluence with an extension of 1.618 of ab, the 1.13 of the previous ab, along with many others as i look at the 4h. also coincides with structure on the 4h to create kill zone. between the 1.618 and 1.27. the gartly used for entry looks good on lower time frames but causes confusion on higher time frames. structure and fibs at this point however support target area.
thoughts always welcome.
thoughts always welcome.